KYX/AML is about control, not fraud. https://www.effectiveaml.org/the-biggest-problem-with-aml/  this guy wrote an amazing paper about how ineffective KYC/AML is around the world. Now he's turned it into a business. 

Lot's of places require KYC for prepaid, because otherwise "terrorists" win or something. Genuflect to the USA Patriotic Act first please.